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the 2 trillion spending cut for the president is not cutting the deficit it's lowering the rate of deficit and whatever cuts they are, take place down the road. and i digress, the president doesn't mention obamacare. that simply isn't part of his campaign and yet, that's the major achievement, i thought, of his first term. why is he running away from that as well the debt? >> i don't think he's running away from either. the president's speech at the convention, today as a result of his policies. people can't be kicked off because of pre-existing conditions, there are no lifetime-- there are kids treated for cancer today because of his policy that would have-- because of his policies that would have been denied coverage just a year ago. so the reality is he's talked about the impact that the health care policy had and tremendously positive. in fact for a lot of americans. those who have to repeal it have to figure out what to say to the parents who are getting the treatment that wouldn't otherwise. stuart: and nancy pelosi, speaker pelosi says, everybody knows it, president obama is going t
the 2 trillion spending cut for the president is not cutting the deficit it's lowering the rate of deficit and whatever cuts they are, take place down the road. and i digress, the president doesn't mention obamacare. that simply isn't part of his campaign and yet, that's the major achievement, i thought, of his first term. why is he running away from that as well the debt? >> i don't think he's running away from either. the president's speech at the convention, today as a result of his...
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Sep 25, 2012
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if we want to look at the deficit, everybody knows the problem with the deficit. who do we think is more likely to deal with the deficit? someone who has run it up over a trillion dollars every year he has been in office? is that too is going to do it to? or do we think governor romney, a businessman who is committed to fiscal responsibility is going to do it? who is going to do it to? if the barack obama is in the white house four years from now, he will have appointed one half of all federal judges and he will have changed the complexion of the added states supreme court for decades. can we stand that in this country? is that what we want to? no. foreign affairs. the president of the united states went to new york today, yesterday. other presidents have gone to meet with world leaders to sit down with the israelis and other allies, people who he needs to understand. and interesting article this morning about his failure to do that. he went to new york not to meet with world leaders, he is on "the view." [booing] what a sense of priorities. he said after our amba
if we want to look at the deficit, everybody knows the problem with the deficit. who do we think is more likely to deal with the deficit? someone who has run it up over a trillion dollars every year he has been in office? is that too is going to do it to? or do we think governor romney, a businessman who is committed to fiscal responsibility is going to do it? who is going to do it to? if the barack obama is in the white house four years from now, he will have appointed one half of all federal...
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Sep 25, 2012
09/12
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. >> making government smaller, don't build these massive deficits that pass debt onto our kids. rebuild the foundation of america's strength with great homes, great schools, with entrepreneurship and innovation. >> there's no bigger purpose right now than making sure that if people work hard in this country, they can get ahead. that's the central american idea. that's how we sent a man to the moon, because there was an economy that worked for everybody and that allowed us to do that. >> great homes. >> maybe we can build a bunch of homes with elevators -- >> mcmansions. let me ask you, bobby shrum, what would you -- i'd ask him what government agencies or departments -- you say you're going to make it smaller -- would you get rid of? >> that's tough. he's there and got a pretty honed answer that appeals at a kind of general level to people's anti-government impulse but we know when you look at the polls that if you ask them about medicare, the department of education, social security, environmental protection -- >> energy. >> there's huge support for all of these. i suspect that
. >> making government smaller, don't build these massive deficits that pass debt onto our kids. rebuild the foundation of america's strength with great homes, great schools, with entrepreneurship and innovation. >> there's no bigger purpose right now than making sure that if people work hard in this country, they can get ahead. that's the central american idea. that's how we sent a man to the moon, because there was an economy that worked for everybody and that allowed us to do...
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Sep 25, 2012
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but we added $5 trillion in new debt to the deficit. for every dollar we spent $3.5 or $4. of debt. the average spending is $7.5. we are borrowing $4. for every buck we spend. the solution, perfect -- for every dollar we are spending $7.5 bucks. >> bob: $5.5 is on taxes democrat is bad math. >> dana: today, david axelrod said president obama doesn't need a plan for that. >> bob: it's a mistake to say that, to say you don't have a plan. >> dana: there are four mistakes in the "a" block from the obama campaign just now. we can say why do they do it that way? >> bob: oh, this one. sorry. >> kimberly: the interview, we don't have time to show the thought of it. but the biggest disappointment depends on the audience. if it's univision, it's immigration. if it's "60 minutes" it's i can't change the tone in washington. but this just in. first picture of president obama and mrs. obama in the taping of "the view" today. you got to love that. >> bob: nice picture. >> kimberly: coming up. did they have ambassador stevens on the hit list before he was killed in libya? the ambassador thought so.
but we added $5 trillion in new debt to the deficit. for every dollar we spent $3.5 or $4. of debt. the average spending is $7.5. we are borrowing $4. for every buck we spend. the solution, perfect -- for every dollar we are spending $7.5 bucks. >> bob: $5.5 is on taxes democrat is bad math. >> dana: today, david axelrod said president obama doesn't need a plan for that. >> bob: it's a mistake to say that, to say you don't have a plan. >> dana: there are four mistakes in...
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Sep 25, 2012
09/12
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if we elect politicians who go to washington dc and say look at the debt and deficit and say that we can't continue this anymore, we have to cut back on these programs, what we are going to see is a competition among the takers and the makers and greece in the process we have seen in europe, i am afraid, will come to america. cheryl: cheryl: kyle, thank you so much. thank you, coyote. meanwhile, let me ask you this. the circuit have what it takes to succeed in college? more than half of high school graduations do not. that is according to a new college survey. the sats failed to combine the indicator of kids to succeed. it should be called action. coming at the end of the hour, we are looking at how to fix these problems at an early age. also, still to come, help is on the way for stay-at-home moms. has the housing market hit bottom? a new report says that things are actually looking up want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better
if we elect politicians who go to washington dc and say look at the debt and deficit and say that we can't continue this anymore, we have to cut back on these programs, what we are going to see is a competition among the takers and the makers and greece in the process we have seen in europe, i am afraid, will come to america. cheryl: cheryl: kyle, thank you so much. thank you, coyote. meanwhile, let me ask you this. the circuit have what it takes to succeed in college? more than half of high...
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the use of the nation of course the spanish administration does have a job see they need to cut the deficit down safely they plan to do that by eighty three billion dollars by two thousand and fourteen below show doing all of that we have the potential for spain to have to see a similar bailout to that which greece portugal and on and all forced to swallow. now those live pictures we're watching some of the protesters demands other. called to a sanity and the dissolution of parliament by journalist and author miguel anselmo radha says for that to happen in the in date men to meet and object to. the same indignados ring digging a movement which a year and a half ago was very successful in bringing out industry stance of thousands of people and not exactly against something very specific but against the way which politics are done the way i mean the lack of transparency that i call them ocracy the fact that important decisions are not consulted with the people they said they had a huge success but it was shortly fixed he sold out very quickly practically because their demands were too huge we
the use of the nation of course the spanish administration does have a job see they need to cut the deficit down safely they plan to do that by eighty three billion dollars by two thousand and fourteen below show doing all of that we have the potential for spain to have to see a similar bailout to that which greece portugal and on and all forced to swallow. now those live pictures we're watching some of the protesters demands other. called to a sanity and the dissolution of parliament by...
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Sep 25, 2012
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higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the highest rate. it is a five alarm fire at the way to address that is to increase taxes. >> i wanted to have a follow-up. i heard the interview last night, playing upper income and middle and come. -- income. they would not see their taxes changed overall. he talked about loopholes but did not go into specifics. help us understand what the dividing line is between middle income and upper income in his mind. >> i am not a psychic, it is not a conversation i have had. it is definitely where you draw the line between upper and middle in
higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the...
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Sep 25, 2012
09/12
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so that added to the national deficit. and one other thing that we should talk about in terms of the national deficit, part of it is that we're not bringing in as much revenue as we should be bringing in to pay for all the things, the services and programs that the american people continue to desire. there's no question under this president that we've seen, you know, the most significant budget cuts also in the history of country. discretionary spending is at its lowest in 60 years. taxes are also at their lowest. but the one thing that the democrats have not done, we haven't walked away from the table. we haven't pointed fingers and said it's their fault. we're all in this together. it's time republicans roll up their sleeves and come to the table so we can fix this problem and solve our many other great challenges before the end of the year and the american people can get back to work. that's what they desire us to do. >> i think both of these presidential candidates are gearing up for their one presidential debate in oc
so that added to the national deficit. and one other thing that we should talk about in terms of the national deficit, part of it is that we're not bringing in as much revenue as we should be bringing in to pay for all the things, the services and programs that the american people continue to desire. there's no question under this president that we've seen, you know, the most significant budget cuts also in the history of country. discretionary spending is at its lowest in 60 years. taxes are...
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Sep 25, 2012
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the reason was if he made them a permit, you would bust the deficit. it is time to let those tax cuts expire for those making more than $500,000. if they go back to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is not a $1 trillion problem. you end up with a problem in the $200 billion range. raising the ceiling, a default for the nation. he spoke out against the fairfax chamber and other chambers, and now he is saying, "wait a minute. we cannot make cuts." when he is running as the guy who wants to make cuts. he has more sides then a rubik cube. >> what your so-called plan would do to jobs. i think you should be taking into account what the impact is on jobs, and our economy, which is a major, major concern. you talked about bob mcdonnell and eric cantor. what they did wa
the reason was if he made them a permit, you would bust the deficit. it is time to let those tax cuts expire for those making more than $500,000. if they go back to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is...
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Sep 25, 2012
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advice, it would be focus on the very dear consequences that uld sult from the fcal ifactulyesngn 4% deficit reduction, good news, but very bad news, contraction of about 2% of gdp which brings the u.s. growth based on our forecast tzero. this isomething that is very, very ou >> sat t politicians around the world, and here in the united states, and you see refusal to come to terms, to mak tough decisions, refusal to even negotiate. what are the possible consequences of this? >>ore isisco and i just would hope that decision makers can actually come to terms, show a spirit of compromise in order to avoid yet another xri mice. crisis. isn lewrsndhad enough othe everybody is looking for something that is better for households, better for enterprises, and better for people. >> your athe first woman managing director, the first woman to lead this national institution, and a woman athe ad gl finance. what is that challenge in terms of just the gender politics and being a path breaker? >> i have to do my job like everybody else, let face it, andf c ing, you know, a different dimension to the table,
advice, it would be focus on the very dear consequences that uld sult from the fcal ifactulyesngn 4% deficit reduction, good news, but very bad news, contraction of about 2% of gdp which brings the u.s. growth based on our forecast tzero. this isomething that is very, very ou >> sat t politicians around the world, and here in the united states, and you see refusal to come to terms, to mak tough decisions, refusal to even negotiate. what are the possible consequences of this? >>ore...
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president barack obama: i'm pledging to cut the deficit -- >>> romney's worth $200 million. >>> the president's doing a mediocre job. >>> governor romney cares about big business. >>> real job growth cut the debt. >>> i had no healthcare. >>> -- to the highest corporate bidders -- >>> if you're a super pac, empowered by the supreme court's citizens united decision to take unlimited donations, you're supposed to make your donors public. and you're not supposed to coordinate your efforts with the candidate but the are ways to get around both requirements and to hide those campaign mega-dollars. instead of calling yourself a super pac you become a "social welfare" group. that's right, a "social welfare" group, and the irs designates you a 501 c) (4) non-profit. these are sucking up more and more of the big money precisely because their donors can remain secret. and just to add insult to injury, they're tax exempt. by the way, "the washington post's" chris cillizza reports that pro-romney outside groups have paid for three out of four of the ads supporting him in this election cycle while probama o
president barack obama: i'm pledging to cut the deficit -- >>> romney's worth $200 million. >>> the president's doing a mediocre job. >>> governor romney cares about big business. >>> real job growth cut the debt. >>> i had no healthcare. >>> -- to the highest corporate bidders -- >>> if you're a super pac, empowered by the supreme court's citizens united decision to take unlimited donations, you're supposed to make your donors...
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Sep 25, 2012
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in fact, we didn't have even have a deficit. >> ill. >> bill: bill then when when we ran into trouble president bush lowered the cap gains and then we got out of trouble because more money came in. and led to the highest amount of federal tax revenue in history, juan. >> did we get out of trouble? >> bill: no, no. no. because we had the wars and we had the war on terror and all of that. but the facts are the facts. highest amount of tax revenue ever flowing into washington came under president bush when he lowered the capital gains tax. now, mary katharine, am i misguided here? am i misstating something here? >> no. i think you are right. i mean, barack obama is proposing through and he has through the buffet deal before that we should basically jack up the capital gains tax which would discourage investment. >> bill: you are disagreeing with juan. >> and furthermore barack obama was asked about this in a debate with hillary clinton in 2008 where the moderator said it has been shown tax revenue goes up when the capital gains rate is lower. isn't that something you would be okay with?
in fact, we didn't have even have a deficit. >> ill. >> bill: bill then when when we ran into trouble president bush lowered the cap gains and then we got out of trouble because more money came in. and led to the highest amount of federal tax revenue in history, juan. >> did we get out of trouble? >> bill: no, no. no. because we had the wars and we had the war on terror and all of that. but the facts are the facts. highest amount of tax revenue ever flowing into...
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Sep 25, 2012
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the deficit is coming to eat your grandchildren, but that's okay. because we should still be going to the moon to keep the chinese from being space station there. they are going to build a toy store there. and mitt romney is going to send all the work there. he is a remarkable guy, he is very capable of sending your job to china and making his money. >> stephanie: yeah exactly. love your headlines, scott brown will not be bullied by a girl from harvard. the only clips i saw was him bringing up her heritage over and over again. >> i think he's making a little bit of headway -- you know making her explain what she did for asbestos companies. it helped the asbestos workers, but you have to understand bankruptcy law to understand how it did that and you can't make a commercial out of that. the whole you make $350,000 to teach one course -- well he has been to law school. he knows how law schoolworks. >> stephanie: exactly. >> that line of attack is completely dissident from the line he sold to the country for three years. and the whole thing is mom, the
the deficit is coming to eat your grandchildren, but that's okay. because we should still be going to the moon to keep the chinese from being space station there. they are going to build a toy store there. and mitt romney is going to send all the work there. he is a remarkable guy, he is very capable of sending your job to china and making his money. >> stephanie: yeah exactly. love your headlines, scott brown will not be bullied by a girl from harvard. the only clips i saw was him...
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>> well, look, you're right the main focus is the economy, deficit, jobs prosperity, the affordable care act, these will dominate the landscape but i find this interesting. on 9/10, the day before this all happened, gallup was 50-44. excuse me this morning it is 48-46 in gallup. jon: 48% for the president and 46% for romney. >> in rasmussen was 48-45. now it is 47-46. there is a little bit of tightening. in august nbc "wall street journal" had the president's approval on foreign affairs is 54-40. the latest one is 49-46. the president has not come across as a strong leader on the world stage. he has come across as a politician. it was his own fault. imagine what happened on 9/12 i will not go to las vegas for campaign event. first time since 1979 an ambassador of the united states has been murdered i will sit down with intelligence agencies to meet and discuss what needs to be done to get back at jihadists and get people who did this and not only that, further damage the networks that brought that about. instead he got on airplane to give a rally at high school and collect a bunch of che
>> well, look, you're right the main focus is the economy, deficit, jobs prosperity, the affordable care act, these will dominate the landscape but i find this interesting. on 9/10, the day before this all happened, gallup was 50-44. excuse me this morning it is 48-46 in gallup. jon: 48% for the president and 46% for romney. >> in rasmussen was 48-45. now it is 47-46. there is a little bit of tightening. in august nbc "wall street journal" had the president's approval on...
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he will bring the deficit down. he didn't. he doubled it. he is going to get more people working. he didn't. we still have over 8 percent unemployment. his plan is another stimulus. how did that first one go? how about $800 billion. how much did you get? it was "cash for clunkers", did you get help from that? no, no, his idea now, he has one new idea. i admit he has one thing he did not do in the first four years, he said he will do it in the next four years, which is to raise taxes. is there anyone who thinks that raising taxes will help grow the economy? no, his plan is continue what he has done before. status quo has not worked. we cannot afford four more years of president obama of the we will not have four more years of president obama. his plan and his approach says fundamentally that government knows better than you how to live your life, how to pick winners and losers, how to choose companies that can be successful and products that have a future. that a group of bureaucrats, real smart people, working hard -- they are good people who work in washington -- he has a view th
he will bring the deficit down. he didn't. he doubled it. he is going to get more people working. he didn't. we still have over 8 percent unemployment. his plan is another stimulus. how did that first one go? how about $800 billion. how much did you get? it was "cash for clunkers", did you get help from that? no, no, his idea now, he has one new idea. i admit he has one thing he did not do in the first four years, he said he will do it in the next four years, which is to raise taxes....
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you've got to cut the deficit. you've got to stop spending more money than we take in. and finally, champion small business. have tax policies, regulations, and healthcare policies that help small business. we put those in place; we'll add twelve million new jobs in four years. i'm mitt romney and i approve this message.
you've got to cut the deficit. you've got to stop spending more money than we take in. and finally, champion small business. have tax policies, regulations, and healthcare policies that help small business. we put those in place; we'll add twelve million new jobs in four years. i'm mitt romney and i approve this message.
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actually listen together results from massachusetts where he took the state from an expected large deficit to a surplus where he encouraged job growth in the way government should by getting out of the way. the fact is when the president says we are going to put more people to work on infrastructure we know how that translates. we'll borrow money from china and hire people for short-term jobs that don't lead to something that's long term. even middle class voters are saying this does not give us a long-term win. exactly two weeks after four americans were brutally murdered in libya we'll speak with someone who served with the navy seals that died in that attack. we'll hear about this concern about the search to find their killers next. [ female announcer ] you want family dinner to be special. dad, we want pizza. you guys said tacos. [ female announcer ] it doesn't always work out that way. you know what? we're spending too much money on eating out anyway. honey, come look at this. [ female announcer ] my money map from wells fargo is a free online tool that helps you track your spending.
actually listen together results from massachusetts where he took the state from an expected large deficit to a surplus where he encouraged job growth in the way government should by getting out of the way. the fact is when the president says we are going to put more people to work on infrastructure we know how that translates. we'll borrow money from china and hire people for short-term jobs that don't lead to something that's long term. even middle class voters are saying this does not give...
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Sep 25, 2012
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defense of the eurobond buying program by mario draghi some hard data came out about the spanish budget deficit and it suggested the tax revenue down 4.6% year over year and at the same time showing the government spending goes, 8% in the month of august. doesn't sound like austerity to me or the oil traders and after they came up oil reversed direction. more worried about europe. melissa: gold is an interesting story as well. price topping out at $1,800 was the estimate and morgan stanley thinks silver will outperform. i don't know about that. what do you think? phil: i think silver will. i am bullish on gold and i think $1,800 -- we will go a lot higher. the market is consolidating after a historic run. there will be a lot of quantitative easing coming out of the table and we know that will be bullish. in the middle east, at in the consensus of the middle east. one of the things they pointed out was india demand. i am not worried about that. part of that was because they had a strike. they were upset with the jeweler's. that will rebound. with quantitative easing there will be a lot of hot mo
defense of the eurobond buying program by mario draghi some hard data came out about the spanish budget deficit and it suggested the tax revenue down 4.6% year over year and at the same time showing the government spending goes, 8% in the month of august. doesn't sound like austerity to me or the oil traders and after they came up oil reversed direction. more worried about europe. melissa: gold is an interesting story as well. price topping out at $1,800 was the estimate and morgan stanley...
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pay less because he would end deductions and loopholes and that he would still be able to balance the deficit by doing that. of course, as you pointed out, he will not say which deductions. why do you say that raises a red flag? >> under governor romney's plan, i pay well over 20% now. so if you eliminate the mortgage tax deduction and the charitable tax deduction, i'll still be ahead. so to do it, you have to go down and raise -- and cut the deductions enough that you wind up raising taxes on people in the middle income group. that's the problem. >> do you think this election -- the president has said that change has to come from outside rather than in washington, that this election has the possibility of producing a change that will be able to overcome gridlock. >> i don't think it not only as a possibility, i think it almost certainly will. and let me explain why. i think the president's going to win. but let's assume governor romney won. if he wins, that almost certainly means the republicans will hold on to the huse and it will be about 50/50 in the senate, more or less the way it is now
pay less because he would end deductions and loopholes and that he would still be able to balance the deficit by doing that. of course, as you pointed out, he will not say which deductions. why do you say that raises a red flag? >> under governor romney's plan, i pay well over 20% now. so if you eliminate the mortgage tax deduction and the charitable tax deduction, i'll still be ahead. so to do it, you have to go down and raise -- and cut the deductions enough that you wind up raising...